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Commodities

Squid-flation bites Japan as catch sinks to new low

Wholesale prices of the popular seafood have doubled over five years

Flying squid are the latest seafood scarcity to trouble fish-loving Japan. (Photo by Ami Yamada)

TOKYO -- Japan's catch of Pacific flying squid fell to a new all-time low in 2017, sending wholesale prices of the seafood to profit-squeezing highs for companies that process it into popular foods.

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